The Wall Street Journal: Nikola CEO tells jury he had concerns over founder Trevor Milton’s ‘exaggerations’ to investors


Nikola Corp. CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in public statements.”

Testifying in Milton’s securities-fraud trial, Russell said that before coming on board in 2019 as president of Nikola NKLA, -10.55%, he and Milton reached an agreement that Russell would become the chief executive officer if Nikola became a publicly traded company. Russell said he sought the arrangement because as head of a public company, statements from the CEO needed to be accurate.

This article was originally published by Read the original article here.

Previous articleDow ends up nearly 200 points ahead of Fed meeting this week
Next articleDow gains 200 points as stocks finish higher ahead of September Fed meeting


Please enter your comment!
Please enter your name here